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Farm Credit Canada forecasts Canadian broiler prices to keep declining through the second half of 2024 before stabilizing in spring 2025. The decline reflects lower feed costs, with feed prices down about 22% from their peak, while chick costs have risen due to avian flu supply shortages.
Lower grain and oilseed prices are cutting broiler production costs, which supports continued chicken supply growth and weighs on feed demand.
thepoultrysite.comSep 4, 2024Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
